Business News

Business support wanes

Apr 13, 2021 / 6:53 am

Support for pandemic-related restrictions has fallen among business executives since last fall, according to a Modus Research report issued today. Modus says...

Deal paves way for refunds

Apr 13, 2021 / 6:51 am

Canadians are awaiting details on Air Canada's plans for ticket refunds after the airline reached a deal for $5.9 billion in federal aid. As part of the...

Trade at 'critical moment'

Apr 13, 2021 / 6:42 am

North American trade is facing a "critical moment" in the ongoing aftermath of the COVID-19 pandemic, say Canadian business leaders as they embark on...

Google appeal rejected

Apr 12, 2021 / 3:53 pm

The Federal Court of Appeal has dismissed an appeal brought by Google Canada, saying its request would only delay a trial about a patent case filed against the...

Microsoft buying Nuance

Apr 12, 2021 / 10:19 am

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion. Microsoft will pay $56 per share cash....

Porter pushes back restart

Apr 12, 2021 / 10:15 am

Porter Airlines is once more pushing back its tentative date for resuming flights. The airline, which has delayed its restart date several times during the...

A return to spending?

Apr 12, 2021 / 8:51 am

Canadian household spending will eclipse earnings in the coming months as vaccinations increase and uncertainty from the pandemic recedes, The Bank of Canada...

Frontline bonus reinstated

Apr 12, 2021 / 7:17 am

Canada's second-largest grocery retailer is reinstating a lockdown bonus for workers in areas with renewed stay-at-home orders. Sobeys Inc. says the pay...

Cameco to restart mine

Apr 9, 2021 / 8:50 pm

Cameco Corp. says it plans to restart production this month at its Cigar Lake uranium mine in northern Saskatchewan after suspending it in December to deal with...

Alibaba fined $2.8 billion

Apr 9, 2021 / 7:50 pm

Chinese regulators have fined giant e-commerce giant Alibaba 18.3 billion yuan ($2.8 billion) on charges of violating anti-monopoly rules. The ruling Communist...

Funding for 5G project

Apr 9, 2021 / 3:35 pm

Redline Communications will receive $14 million in federal funds to design high-speed wireless equipment for use in the mining, utilities and oil and gas...

Corus lands deal with Hulu

Apr 9, 2021 / 10:26 am

Corus Entertainment Inc. announced a distribution deal with U.S. streaming service Hulu Friday as it reported better-than-expected second-quarter financial...

Airlines pull Boeing Max jets

Apr 9, 2021 / 10:16 am

Airlines pulled dozens of Boeing Max 737s out of service for inspections after the aircraft maker told them about a possible electrical problem, the latest...

Forest sector flexes muscle

Apr 9, 2021 / 4:00 am

A new economic impact study by the BC Council of Forest Industries finds the industry generated over $13 billion in GDP in 2019. The study also found the forest...

Postmedia back to profit

Apr 8, 2021 / 10:43 am

The owner of Canada's largest group of newspapers says it earned $700,000 in net profits in its second quarter, an improvement from the same time a year...

Founders sell 2.2M shares

Apr 8, 2021 / 10:36 am

Dollarama Inc. says the Rossy family, which founded the company, is selling a total of 2.2 million shares in the discount retailer. The company says GRI...

Raw logs raise pellet alarm

Apr 8, 2021 / 9:29 am

The sight of pellet plants along Highway 16 awash in "whole trees" is raising alarm bells for groups concerned mills are using more than just wood...

Canada, it's just not fair

Apr 8, 2021 / 7:42 am

The head of Royal Bank of Canada says the country urgently needs to become more inclusive, fair and sustainable because the COVID-19 pandemic revealed the...

Advice for filing taxes

Apr 8, 2021 / 7:39 am

The devil is in the details – and your income tax return is no exception. As the filing deadline at the end of the month approaches, experts say paying...

Canopy signs $435M deal

Apr 8, 2021 / 7:09 am

Canopy Growth Corp. has signed a deal to buy the Supreme Cannabis Company Inc. in an agreement valued at $435 million. The acquisition adds Supreme...